EUR/JPY Holds Gains Above Key EMAs, Trades Near 185.00 During Asian Hours

EUR/JPY continued its upward momentum for the second consecutive day, trading around the 185.00 level during Asian hours on Monday, according to FX Street. The pair’s move higher followed a break above both the nine-period and 50-period Exponential Moving Averages (EMAs), signaling sustained bullish sentiment.

FX Street reported that holding above these key EMAs suggests technical strength, potentially attracting further buying interest in the near term. This development could influence trading strategies among FX participants focusing on the EUR/JPY cross.

For Japanese market participants, monitoring EUR/JPY’s behavior around these technical levels is crucial, especially as currency fluctuations can impact export-driven equities and broader market sentiment.